Some Look to Norway as Model for US Oil Bounty

In a country where oil wealth has typically been controlled up by oil companies, the concept of the U.S. harnessing its energy boom to shore up its frayed public finances may be hard to conceive.

Former Russian Minister Warns of Economic Ebb

ST. PETERSBURG, Russia — President Vladimir V. Putin was all swagger last week at the annual economic forum here, effectively wagging a finger at Europe over its fiscal problems and keeping the chief executives of some of the world’s most powerful oil companies waiting for hours in a hallway until he finally met with them.